Company Status: Dissolved under Section 54
Understanding Voluntary Liquidation Under Section 54 of the Insolvency and Bankruptcy Code
When a company is marked as "Dissolved under Section 54," it means the company has voluntarily chosen to liquidate its assets, settle any debts, and formally close. Section 54 of the Insolvency and Bankruptcy Code (IBC) provides the framework for companies to dissolve through a planned, voluntary liquidation process.
What is Voluntary Liquidation under Section 54?
- 1. Voluntary Choice: The company's management or shareholders decided to dissolve the company willingly.
- 2. Asset Liquidation: The company's assets are sold to generate funds for settling outstanding liabilities.
- 3. Legal Closure: After assets are liquidated and debts are settled, the company is officially closed and no longer operates.
Why Do Companies Choose Voluntary Liquidation?
- 1. Business Closure: When business operations are no longer sustainable or profitable.
- 2. Strategic Decision: To exit the business market or reorganize company resources.
- 3. Debt Settlement: Allows orderly asset liquidation to pay creditors in a structured manner.
List of Dissolved under section 54 Companies
Displaying 18 Dissolved under section 54 companies from MCA database.
Dissolved under section 54
SOUTHERN FUEL LIMITED
SF NO: 108/2, SARAVANAMPATTI ROAD VELLAKINARNA-COIMBATORE-Tamil Nadu-641029-India
Registration Date
23 Apr, 1993
Category
Company limited by shares
Authorized Capital
₹40,000,000.00
Paid-up Capital
₹34,550,000.00
ROC Coimbatore
Indian
Dissolved under section 54
INDO BIOTECH FOODS LIMITED
3RD FLOOR, INDUSTRIAL ASSURANCE BUILDING, CHURCHGATE,NA-MUMBAI-Maharashtra-400020-India
Registration Date
28 Nov, 1991
Category
Company limited by shares
Authorized Capital
₹350,000,000.00
Paid-up Capital
₹220,813,000.00
ROC Mumbai
Indian
Dissolved under section 54
TRIDENT TOOLS LIMITED
SURVEY NO. 26, TEMBHODE SHIRGAON ROAD, DHANSAR VILLAGE, PALGHAR,NA-THANE-Maharashtra-401404-India
Registration Date
29 Apr, 1982
Category
Company limited by shares
Authorized Capital
₹150,500,000.00
Paid-up Capital
₹140,400,000.00
ROC Mumbai
Indian
Dissolved under section 54
GOOD VALUE MARKETING COMPANY LIMITED
3RD FLOOR, INDUSTRIAL ASSURANCE BUILDING, CHURCHGATE,NA-MUMBAI-Maharashtra-400020-India
Registration Date
12 Apr, 1979
Category
Company limited by shares
Authorized Capital
₹350,000,000.00
Paid-up Capital
₹240,519,000.00
ROC Mumbai
Indian
Dissolved under section 54
ANG INDUSTRIES LIMITED
101-106 SHARDA CHAMBER IV, PLOT NO. 42 3 LOCAL SHOPPING COMPLEXNA-KALKAJI-Delhi-110019-India
Registration Date
24 Jul, 1991
Category
Company limited by shares
Authorized Capital
₹225,000,000.00
Paid-up Capital
₹160,900,000.00
ROC Delhi
Indian
Dissolved under section 54
ENNORE COKE LIMITED
Mookambika Complex, 6th Floor, No. 4, Lady Desika Road, MylaporeNA-Chennai-Tamil Nadu-600004-India
Registration Date
25 Feb, 1985
Category
Company limited by shares
Authorized Capital
₹1,160,000,000.00
Paid-up Capital
₹1,155,000,000.00
ROC Chennai
Indian
Dissolved under section 54
INKA FOODS PRIVATE LIMITED
ROPAR ROADNALAGARH DISTT SOLANNA-HIMACHAL PRADESH-Himachal Pradesh-177320-India
Registration Date
21 Nov, 1995
Category
Company limited by shares
Authorized Capital
₹40,000,000.00
Paid-up Capital
₹40,000,000.00
ROC Himachal Pradesh
Indian
Dissolved under section 54
AMRICON AGROVET PRIVATE LIMITED
158 LENIN SARANINA-KOLKATA-West Bengal-700013-India
Registration Date
10 Jan, 2000
Category
Company limited by shares
Authorized Capital
₹100,000,000.00
Paid-up Capital
₹34,143,900.00
ROC Kolkata
Indian
Dissolved under section 54
PRATHVI COAL PRIVATE LIMITED
102, 1ST FLOOR, AJNARA TOWER LSC SAVITA VIHAR DELHINA-DELHI-Delhi-110092-India
Registration Date
07 Feb, 2006
Category
Company limited by shares
Authorized Capital
₹1,000,000.00
Paid-up Capital
₹250,000.00
ROC Delhi
Indian
Dissolved under section 54
S S P SPONGE IRON PRIVATE LIMITED
plot no 1183, HNO 8-3-430/1/23, YELLAREDDYGUDA 01ST FLOOR, STREET NO 10, AMEERPETNA-hyderabad-Telangana-500073-India
Registration Date
29 Oct, 2007
Category
Company limited by shares
Authorized Capital
₹110,000,000.00
Paid-up Capital
₹57,966,500.00
ROC Hyderabad
Indian
Dissolved under section 54
GOODWIN JEWELLERS PRIVATE LIMITED
Unit Nos. 1,2,3,4 & 5, 1st Floor, Panhalgad, Shiv Market, Manpada Road, Dombivli (East),NA-Dombivli-Maharashtra-421201-India
Registration Date
13 Jan, 2011
Category
Company limited by shares
Authorized Capital
₹250,000,000.00
Paid-up Capital
₹170,000,000.00
ROC Mumbai
Indian
Dissolved under section 54
SRK FOOD PRODUCTS PRIVATE LIMITED
H.NO.17-1-391/T/250, SARASWATI NAGAR SAIDABADNA-HYDERABAD-Telangana-500059-India
Registration Date
02 Jul, 2011
Category
Company limited by shares
Authorized Capital
₹10,000,000.00
Paid-up Capital
₹10,000,000.00
ROC Hyderabad
Indian
Dissolved under section 54
FOOD EXPRESS INDUSTRIAL CATERING SERVICES PRIVATE LIMITED
NO.10/2, HIG-NH-3, MARUTHIRUVAR STREET, MARAIMALAI NAGAR,NA-CHENNAI-Tamil Nadu-603209-India
Registration Date
15 Feb, 2013
Category
Company limited by shares
Authorized Capital
₹1,000,000.00
Paid-up Capital
₹100,000.00
ROC Chennai
Indian
Dissolved under section 54
KARVIN CUISINES PRIVATE LIMITED
1/2, Jawarlal Nehru Salai Ambal Nagar, EkkatuthangalNA-Chennai-Tamil Nadu-600015-India
Registration Date
06 Mar, 2017
Category
Company limited by shares
Authorized Capital
₹2,000,000.00
Paid-up Capital
₹2,000,000.00
ROC Chennai
Indian
Dissolved under section 54
GB RAJA TOP WEAVING PRIVATE LIMITED
152/1 AVVAIYAR STREETCST COLONY VEERAPPANCHATRAMNA-ERODE-Tamil Nadu-638004-India
Registration Date
23 Nov, 2004
Category
Company limited by shares
Authorized Capital
₹46,000,000.00
Paid-up Capital
₹41,000,000.00
ROC Coimbatore
Indian
Dissolved under section 54
SOHRAB TEXTILE MILLS LIMITED
Nabha Road, Malerkotla, Distt. SangrurNA-Malerkotla-Punjab-000000-India
Registration Date
13 Oct, 1986
Category
Company limited by shares
Authorized Capital
₹20,000,000.00
Paid-up Capital
₹11,567,000.00
ROC Chandigarh
Indian
Dissolved under section 54
TEJASWINI ENGINEERING PRIVATE LIMITED
Plot No.34, Nagarjuna Hills PunjaguttaNA-Hyderabad-Telangana-500082-India
Registration Date
29 Dec, 1999
Category
Company limited by shares
Authorized Capital
₹43,000,000.00
Paid-up Capital
₹42,005,500.00
ROC Vijayawada
Indian
Dissolved under section 54
DEVESH ENGINEERING ENTERPRISES PRIVATE LIMITED
Plot No. 48, 1st Floor Nagarjuna Hills, PunjaguttaNA-Hyderabad-Telangana-500082-India
Registration Date
29 Dec, 1999
Category
Company limited by shares
Authorized Capital
₹42,500,000.00
Paid-up Capital
₹41,960,500.00
ROC Hyderabad
Indian
Process of Voluntary Liquidation under Section 54
Step 1: Board Approval
The company's board of directors or shareholders approve the liquidation decision.
Step 2: Appointment of Liquidator
A qualified liquidator is appointed to oversee the sale of assets and debt payments.
Step 3: Asset Sale
Company assets, like property and inventory, are sold to raise funds for debt repayment.
Step 4: Final Closure and Deregistration
Once debts are paid, the company is officially dissolved and removed from the company registry.
Impact on Stakeholders
- 1. Creditors: Receive payment from asset liquidation but may not be fully compensated if assets are limited.
- 2. Employees: May receive severance or final compensation if funds are available.
- 3. Shareholders: If any assets remain after debts, shareholders may receive a share, though typically after creditors are settled.
Conclusion
Dissolution under Section 54 allows companies to settle debts and close operations in an orderly manner, ensuring creditors are paid and the company is legally dissolved. This process marks the voluntary end of the company's journey.
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